Intercontinental Exchange Inc. (ICE) Shares Bought by GQG Partners LLC
GQG Partners LLC boosted its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 1,099.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 537,262 shares of the financial services provider’s stock after purchasing an additional 492,465 shares during the period. Intercontinental Exchange comprises approximately 2.6% of GQG Partners LLC’s holdings, making the stock its 15th largest position. GQG Partners LLC owned approximately 0.09% of Intercontinental Exchange worth $35,416,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Thompson Davis & CO. Inc. grew its position in Intercontinental Exchange by 2.2% during the second quarter. Thompson Davis & CO. Inc. now owns 1,517 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 32 shares in the last quarter. Norway Savings Bank grew its position in Intercontinental Exchange by 16.7% during the second quarter. Norway Savings Bank now owns 1,640 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 235 shares in the last quarter. Bessemer Group Inc. grew its position in Intercontinental Exchange by 186.5% in the second quarter. Bessemer Group Inc. now owns 1,905 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 1,240 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Intercontinental Exchange in the second quarter worth approximately $128,000. Finally, First Personal Financial Services grew its position in Intercontinental Exchange by 20.4% in the second quarter. First Personal Financial Services now owns 2,122 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 360 shares in the last quarter. 89.74% of the stock is currently owned by hedge funds and other institutional investors.
In other Intercontinental Exchange news, insider Charles A. Vice sold 15,000 shares of Intercontinental Exchange stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $66.33, for a total transaction of $994,950.00. Following the completion of the transaction, the insider now directly owns 384,971 shares of the company’s stock, valued at $25,535,126.43. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Charles A. Vice sold 12,500 shares of Intercontinental Exchange stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $66.93, for a total transaction of $836,625.00. Following the transaction, the insider now directly owns 382,471 shares of the company’s stock, valued at $25,598,784.03. The disclosure for this sale can be found here. Insiders sold 137,420 shares of company stock valued at $8,987,176 over the last three months. 1.50% of the stock is owned by company insiders.
Shares of Intercontinental Exchange Inc. (NYSE:ICE) traded up 0.49% during mid-day trading on Friday, hitting $67.16. 895,519 shares of the stock were exchanged. The firm has a 50-day moving average price of $65.38 and a 200 day moving average price of $62.86. Intercontinental Exchange Inc. has a 12-month low of $52.27 and a 12-month high of $67.48. The company has a market capitalization of $7.73 billion, a PE ratio of 24.88 and a beta of 0.72.
Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business earned $0.69 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. On average, equities research analysts expect that Intercontinental Exchange Inc. will post $2.94 earnings per share for the current year.
ICE has been the subject of several recent research reports. Royal Bank Of Canada set a $65.00 target price on shares of Intercontinental Exchange and gave the stock a “hold” rating in a research report on Tuesday, June 6th. BidaskClub raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Jefferies Group LLC reissued a “buy” rating and issued a $70.00 target price on shares of Intercontinental Exchange in a research report on Monday, June 26th. Citigroup Inc. initiated coverage on shares of Intercontinental Exchange in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 target price for the company. Finally, Zacks Investment Research raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $68.81.
Intercontinental Exchange Company Profile
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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